welcome back to the ed show. thanks for watching tonight. two guys you ought to know about. charles and david koch the billionaire brothers who inherited coke industries from their father. this weekend they took a break from funding groups that pushed limited government and industry deregulation to throw a party, a secret party. twice a year the koch brothers hold strategy meetings attended by top bankers, oil industry executives, conservative media personalities, and in the past two supreme court justices. this time they drew the house republican leader eric cantor. he was at the fraternity party. and, of course, former attorney general ed meese as well as prominent conservative donors. but on saturday their secret meeting in rancho mirage, california wasn t so secret. hundreds of protesters waved signs and chanted slogans
relationship to oil. but get this this is something that i learned today watching the congressional hearing that i did not expect to learn. for oil industry executives, even the biggest accidental blowout ever, 140 million gallons of oil spilled into the gulf of mexico, even that is apparently not a big deal. when they think about their own industry. it s not part of what they ve learned about oil and oil companies and drilling. it s not something they talk about. it s not a term they re familiar with. it s apparently, if you re the head of an oil company, if you re the ceo of an oil company, it s apparently something you ve never even heard of before. i was reading an article about a well referred to as ixtoc one, which i think was back in 1978 or 79. are any of you are familiar with the history of that particular well blowing in the gulf? are you aware of the facts of
big deals. these are sort of landmark events in terms of our relationship to oil. but get this this is something that i learned today watching the congressional hearing that i did not expect to learn. for oil industry executives, even the biggest accidental blowout ever, 140 million gallons of oil spilled into the gulf of mexico, even that is apparently not a big deal. when they think about their own industry. it s not part of what they ve learned about oil and oil companies and drilling. it s not something they talk about. it s not a term they re familiar with. it s apparently, if you re the head of an oil company, if you re the ceo of an oil company, it s apparently something you ve never even heard of before. i was reading an article about a well referred to as ixtoc one, which i think was back in 1978 or 79. are any of you familiar with the history of that particular well blowing in the gulf? are you aware of the facts of that?
this thing fixed. of course, bp has responsibility, but we also need to understand where were the government regulators? where was mms, despite the fact that the leader of mms had been brought in by ken salazar in a move to reform the agency, according to him. this is the mineral management service which oversees these oil rigs. congresswoman? where were the regulators? this from a party who has single handedly allowed industry and the private sector to regulate themselves, who presided over an agency and mms that was so cozy with the oil industry executives that they were going on trips with them, taking vacations, even sleeping with them. we re talking about a party that really does haven t the right to criticize now in terms of regulation. we under president obama s leadership are cleaning up that mess and cleaning up the mess of the oil spill. but this is ultimately bp s
this thing fixed. of course, bp has responsibility, but we also need to understand where were the government regulators? where was mms, despite the fact that the leader of mms had been brought in by ken salazar in a move to reform the agency, according to him. this is the mineral management service which oversees these oil rigs. congresswoman? where were the regulators? this from a party who has single handedly allowed industry and the private sector to regulate themselves, who presided over an agency and mms that was so cozy with the oil industry executives that they were going on trips with them, taking vacations, even sleeping with them. we re talking about a party that really does haven t the right to criticize now in terms of regulation. we under president obama s leadership are cleaning up that mess and cleaning up the mess of the oil spill. but this is ultimately bp s